With the support of the YoloDraw community, we have been developing custom contracts withunique concepts unseen in any Decentralized Finances (DeFi) ecosystem. After a month of successfullylaunching YoloDraw, we have gathered significant performance data to optimize the protocol.However, the core mechanics carry over to the second version and serve as the backbone for theYolonaut and Loyalty NFT systemYoloVerse, YOLOV bridges the benefits of yield farming, rank-based utility NFTs (BEP721), yield-bearingNFTs (BEP721), advanced vault strategies, and future utility contracts. These developments helpYOLOV become a leader in the yield farming & NFT sub-sector of crypto.
Foremost, YOLOV (V2) improves rewards distribution by prioritizing autonomous functioning andemphasizing self-sustainability. We decoupled the Yolonaut NFT rewards from the minimum BNBswap requirements, rejecting any distribution delays during low-volume periods. We also reduced theyield distribution frequency allowing for more punctual delivery.Additionally, gas efficiency upgrades improve protocol autonomy. We removed the requirement for500 individual transfers to each address with state iterations. Instead, V2 requires only a singletransfer to the NFT contract while still performing the state variables changes. Consequently, the gasreduction is considerable, decreasing from approximately 22 000 000 gas to 500 000 Gas (x44optimization or a 97% gas reduction).In YOLOV, the reward sustainability comes from various improvements. We have adopted a dynamicfee with a transfer scaling mechanism—the fee scales with the reward fund and total token supplyhaving a maximum of 7% at any time. If the reward fund is above 30% of the total token supply, BNBto YOLOV exchanges will incorporate a burn phase fee—2% fee to the reward fund and 5% tokenburn. If the reward fund falls below 30% of the total supply, the fee on BNB swaps switches to 5% forthe reward fund and 2% for the LP-Growth contract. Regardless of fund size, 7% of every swap directsto the LP-Growth protocol.Likewise, Loyalty NFT claim fees and Yolonaut NFT burn fees replenish the reward fund. Expeditingrank evolution of an Yolonaut spot injects 80% of the rank upgrade cost back into the fund. The rankupgrade mechanism benefits the user and the entire protocol with fortified and sustained rewards.Furthermore, we are developing vaults, augmenting additional strategies to swap for more YOLOV toinfuse into the reward fund.For V2, we also emphasize liquidity pool growth. The V2 LP-Growth contract collects 7% from tokenswaps. Dynamic fee from both the Loyalty NFT claim and Yolonaut NFT burn fees also supply theprotocol. Within the contract, half of these collected tokens are exchanged for BNB/BUSD and thenadded to the remaining 50% to create additional LP tokens. The LP-Growth protocol helps bolster andretain protocol value, thus reducing overall swap size impact and allowing less restrictive trading onthe pair. In the future, we aim to explore various DEX's that will provide additional benefits promotinghigher yields.Lastly, we are hardcoding the exclusion (from protocol fee) of five specific Binance Hot Walletaddresses for V2. We aim to list on Binance's Innovation Zone, ultimately leading to regular tradingand possible upcoming NFT Binance Marketplace listing. This will allow the listing of YOLOV onBinance's centralized exchange.